Share to facebook Share to twitter Share to linkedin U.S. Chamber of Commerce President and CEO  Tom Donohue asserted today the tax bill, deregulation and other government actions during the Trump presidency will delay the next recession. Photo credit: ASSOCIATED PRESS Rumblings of a recession don’t match up with reality right now, U.S. Chamber of
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Michael Thallheimer was looking forward to hosting Christmas Day at his new three-bedroom house in Rio Dell, California. Then the government shutdown hit on Dec. 22, putting his USDA loan on hold. The government’s mortgage program for low- and middle-income Americans in rural areas is currently not issuing any new funds in the meantime. Thallheimer
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Apple’s biggest problem isn’t a slow-down in the Chinese economy or the US-China trade war, which has been blamed for a big downward revision in sales. Its biggest problem is taking consumers for granted at home and abroad. At home, Apple assumes that the iPhone is a unique product, in an ever-growing market, where consumers
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Internal Revenue Service…© 2018 CQ-Roll Call, Inc. With the Internal Revenue Service (IRS) mostly closed for business, taxpayers have been unable to obtain routine tax transcripts and other documentation used for income verification. Without that information, lenders may be forced to delay financing or refinancing mortgages and other loans. Recognizing the hardship, the IRS has announced
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Taxes are perhaps the most apparent source of state revenue, as they constitute the vast majority of each state’s general fund budget. But state governments also receive a notable amount of assistance from the federal government. In fiscal year (FY) 2016, 32.6 percent of state revenues derived from federal grants-in-aid. Federal aid is allocated to
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IRS Starts Accepting Returns on Jan. 28 Despite the partial government shutdown, the IRS announced they will start processing tax returns on Jan. 28, 2019. Refunds will also be issued on their normal schedule. Taxpayers can rest assured they won’t experience any delays that are out of the ordinary. Jan. 28 is still a few
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Phishing and the season’s latest scams; FBAR whistleblowing returns; best sales-tax questions; and other highlights from our favorite tax bloggers. The fun’s back in ‘refund’ Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): The good word on processing returns — and the even better news about refunds — from the Office of Management and Budget, leaked first by
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